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131st MAINE LEGISLATURE |
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LD 2117 |
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LR 2777(02) |
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An Act to Amend
the Laws Regarding Sports Wagering Licensing |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Veterans and Legal Affairs |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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4 year licenses changed to annual
No net change to revenue over time |
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| Fiscal Detail
and Notes |
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This bill changes
the license term for certain sports betting-related licenses from a 4-year
term to a 1-year term and reduces the associated license fee by a
proportional amount. Over time, the net impact on General Fund revenue from
these changes will be zero as the revenue received shifts from once every 4
years to yearly with the annual renewals. Since the Gambling Control Unit
issued all current licenses in the current fiscal year (2023-24) and doesn't
anticipate any new licenses, the changed terms and fees will not impact
anticipated revenues until fiscal year 2027-28. |
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